Malaysia's Petronas to 'rightsize' workforce to ensure survival, reports say

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Malaysia's Petronas to 'rightsize' workforce to ensure survival, reports say - Channel News Asia

Quick Summary:

KUALA LUMPUR : Malaysia's state energy firm Petronas will "rightsize" its workforce to ensure its long-term survival amid increasing challenges in the global operating environment, local media reported on Friday, citing the Petronas chief".

Petronas has nearly 50,000 employees, according to its website. Petronas did not immediately respond to Reuters request for comment outside of regular business hours.

Malaysia expects lower natural gas and crude oil output in 2025 due to the planned shutdowns of some production facilities for maintenance and easing demand in some export markets, according to a government report.